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INTRODUCTION
Have you stayed in a geographical location and at some point you felt you have tool shortage or surplus of energy. Consuming energy at homes depend on couple of things including climatic condition, season of the year (we spend more energy to heat our houses during winter of course! oops still more energy to cool or homes during hot weathers), members of a household, type of home then how efficient is the house hold appliances (some old appliances really can suck up energy). With modern technology and for efficient energy management a location can be studied and the energy consumption rate monitored to regulate supply of energy to that location.
To the home users optimizing their bills on energy will be a welcomed idea. Some persons have paid for bills they never accumulated, some pay for low currents that will end up their malfunction their appliance.
GLOBAL IMPACT
Generating electricity is a task that involves consumption of different kinds of fuel. For example, in 2018 IEA published a report that in 2016 world power generation were sourced from Coal (38.4%), Hydrocarbon (23.2%), Hydro (16.3%) Nuclear (10.4%) oil (3.7%) the energy sources that are not renewables tends to get exhausted causing imbalance to the climate conditions. Coal has been reported to release massive carbon di oxide that affects the ozone layer. All this happen at energy generation level. This energy has to be transmitted before getting to the end energy. If a location requires only 4mega hertz of electricity and 8mega hertz is sent there, then there will be surplus that will be a waste.
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SERENITY CONCEPT
Serenity is bringing a stream of solutions to tackle these issues. Leveraging on the blockchain technology to offer proper energy management that will help energy generators, distributors and consumers. The blockchain technology has proven to be one transparent technology that will benefit all and sundry. The technology open ledger system is open for all to see, meaning no backend manipulation of any kind.
Serenity will connect its ecosystem with national electricity providers to measure and record energy production and consumer consumption rates. The serenity ecosystem will help in localizing energy usage to avoid wastage. It will help energy producers to quantify their energy production and how to control it, which will be of good benefit in saving the main energy resources.
One key environmental help the the serenity ecosystem will provide is the measurement of carbon credit. The EU carbon credit policy can no be easily checked and consumers can be able to sale their credit to other users that will need it.
The technology behind this ecosystem is a blockchain smart contract and hi-tech IoT (Internet of Things) processes of management that will help in recording and measuring the energy usage
TOKENMETRICS
To fuel activities in the ecosystem is a triple headed token built on the ERc20 blockchain to support transactions and reward system;
a. SERENITY (SET) built for redemption programmes, customers that install the HEPEK will be able to redeem the SET token based on their accrued revenue. The accrued SET can also be used to buy electricity till it is exhausted.
b. ERGON (stable payment token) this token was created to use for energy trading. It is stable too, this will help in stability of trade because of the volatility of the cryptocurrency. It will also be tuned to the local currency of where trade is occurring and also backed by fiat.
c. CARBON (stable award Token) every customer who was able reduce carbon emission will be awarded Carbon token as a carbon and this will be backed by price of carbon credit.
All the tokens mentioned above are ERC20 compatible. The token will also be destroyed as they are redeemed and used for transactions. This will add value to the tokens as they get reduced and demand increase, their value increases.
CONCLUSION
This project has shown to be very valuable considering the use case which is energy. The importance of energy to our everyday life can never be over emphasized. I urge you to take you time study the white paper to understand more
Website: https://serenitysource.com.au/wp-new/
Whitepaper: https://serenitysource.com.au/assets/docs/SERENITY_WHITEPAPER.pdf
Twitter: https://twitter.com/serenity_source
Facebook: http://www.facebook.com/serenitysource.io
ANN: https://bitcointalk.org/index.php?topic=5160209
Author
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Eth address: 0xC2933176a9be2116721A2681e042111Ad22F8266